Sale of foreign currency by Bank of Israel fails to stop shekel devaluation, dollar hits 7-year high

Sale of foreign currency by Bank of Israel fails to stop shekel devaluation, dollar hits 7-year high

Sale of foreign currency by Bank of Israel fails to stop shekel devaluation, dollar hits 7-year high. The American currency jumped by more than 2% against the shekel after Hamas' murderous attack. The Bank of Israel unexpectedly announced the sale of $30 billion worth in foreign currency in an attempt to curb the sharp retreat in the shekel.

Hamas used Gaza economy as part of its deadly deception. The terror group publicly complained of financial problems, but proved that it has more than enough resources to invest in an attack on Israel. The price will be paid by the Palestinian people who live in the Gaza Strip, whose welfare is only secondary to the ideology of Hamas.

Israeli entrepreneur creates 'Swords of Steel' database for missing persons amidst Gaza war. Yuval Keshtcher's platform allows families to search for missing loved ones, following the rise in missing persons and casualties since Hamas’ surprise attack on Saturday.

Nas Daily: “From today forward, I view myself as Israeli first, Palestinian second.” The prominent content creator had previously emphasized his Palestinian heritage, but after the attacks by Hamas has decided to put Israel first.

Israel's tech sector could face disruptions after attacks, investors say. Israel's technology sector had already been facing a slowdown in 2023, exacerbated by internal political conflict and protests.

CHESTER SWANSON SR.

Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer

1 年

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